CA lawmaker pushes crackdown on State Farm’s auto policies after wildfire claims probe
TL;DR Summary
After investigators found State Farm may have violated state law hundreds of times in wildfire claims handling, California State Senator Sasha Renée Pérez urged regulators to escalate pressure by restricting the insurer’s auto-insurance business, arguing that’s where it makes most of its money; regulators could fine up to $4 million or bar new policies if violations are willful, while State Farm denies wrongdoing.
- State senator demands California escalate war with State Farm by hitting it where it hurts most New York Post
- California Seeks ‘Historic’ Fine Against State Farm: Just $2 Million The New York Times
- Regulators may seek to suspend State Farm's license, citing widespread mishandling of L.A. wildfire claims Los Angeles Times
- Latest line: A good week for PG&E, a bad week for State Farm The Mercury News
- Candidates for California insurance commissioner say they can fix the state’s coverage crisis Orange County Register
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